FOR SALE A DIVISION OF KELLER WILLIAMS SELECT REALTY 68 LOVETT LAKE COURT HALIFAX, NS Bayers Lake Business Park OFFICE / COMMERCIAL 2,354 SF MAT HOUSTON, BA, ULE Real Estate Advisor 902-412-2940 mathouston@kwcommercial.com TOM GERARD, CCIM, SIOR Real Estate Advisor 902-830-1318 tomgerard@kwcommercial.com KW COMMERCIAL ADVISORS Young Tower, Suite 308 6080 Young Street Halifax, NS B3K 5L2 www.kwcommercialhalifax.com
EXECUTIVE SUMMARY Civic Address Property Type 68 Lovett Lake Court, Bayers Lake Business Park, Halifax, Nova Scotia One storey wood framed office / commercial building with second floor mezzanine. Premises Breakdown First Floor: 2,147 square feet Second Floor: 207 square feet Total Living Area: 2,354 square feet Age 2006 Lot Size Street Frontage Zoning: Assessed Value 12,226 square feet 79.86 feet facing Lovett Lake Court I-3 (General Industrial Zone) $370,100 (2015 Commercial Taxable) List Price $549,000 2
AREA OVERVIEW 68 Lovett Lake Court is located within the Bayers Lake Business Park in Halifax, Nova Scotia. Bayers Lake Business Park has enjoyed outstanding growth since its inception in the mid-1980s. It's location at the confluence of Highways 102 and 103, its proximity to the rapidly developing Bedford West, Bedford South and Clayton Park residential areas, and short drive to downtown Halifax and port facilities have all contributed to the success of the Bayers Lake Business Park. Over 580 acres (236 hectares) in size, Bayers Lake Business Park represents a major concentration of light industrial and commercial activity in Greater Halifax. In particular, warehouse retail superstores have recognized the value of Bayers Lake Business Park s strategic location, including Costco, Walmart, Kent Building Supplies, Staples, and Future Shop to name a few. However, Bayers Lake Business Park is more than just a retail destination. Major warehousing, trucking, distribution, and manufacturing operations have been established in the Park. Bayers Lake Business Park offers high quality infrastructure combined with comprehensive development standards. The next phase of growth at Bayers Lake will see the relocation from CBD Halifax of 600-800 CRA employees to the Park in 2015 and the proposed development of +/-80 acres to provide new retail opportunities. 3
THE IMMEDIATE NEIGHBOURHOOD The subject property is located in the Bayers Lake Business Park on the Lovett Lake Court cul-de-sac, off of the main throughway corridor of Chain Lake Drive. The street enjoys close proximity to both entrances to the Bayers Lake Business Park with quick access to Highway 102. Lovett Lake Court is home to several businesses (Metro Self-Storage, Munden s Moving, Shannex) and Granite Place a new 60,000 square foot Class A office building located at the end of the cul-de-sac. This development is attracting major attention from large block tenants which will continue to increase traffic to the street and will bring many working professionals to the street daily. 4
AERIAL VIEW 5
BUILDING OVERVIEW Type One storey wood framed commercial building in excellent condition throughout Premises Breakdown Utilization First Floor: Mezzanine: Total GLA: Age Built in 2006 2,147 square feet 207 square feet 2,354 square feet Purpose built office service building with reception area, large private office, large boardroom with kitchenette, parts/service area, climate controlled computer room and a washroom with shower. The remainder is open warehouse with access to a finished storage mezzanine area. Rear warehouse is serviced with a grade level loading door. Electrical System 400 amp main service panel with several sub panels Heating System Roof Foundation Heated with in floor hot water system Pitched roof, asphalt shingles Poured in place concrete slab Exterior Additional Features Newly installed steel siding and decorate brick to front Finished areas are completed with gyproc walls and ceilings, commercial grade vinyl tile, ceramic tile & wall to wall flooring Alarm system, fluorescent lighting, communications tower and back up generator system. - Barrier free accessible ramp at front 6
EXTERIOR PHOTOS 7
INTERIOR PHOTOS 8
INTERIOR PHOTOS 9
FLOOR PLAN 10
SITE OVERVIEW Lot Size Site Dimensions Topography 12,226 square feet +/- 80 Frontage on Lovett Lake Court +/- 152.24 Depth +/- 80 Rear Boundary +/- 166.71 Depth Slopes up gently from road grade to rear of lot Access Site Improvements Vehicle entry to parking area is from Lovett Lake Court Wheelchair accessible concrete ramp in front Professionally landscaped exterior Asphalt paved parking Retaining wall (stone) at the front of the lot 11
LEGAL DESCRIPTION ALL that certain lot situate, lying and being between the Northeastern boundary of Lovett Lake Court and Southwestern boundary of Bicentennial Drive Route No. 102, Halifax, Halifax County, Nova Scotia; being Lot 12A as shown on a Plan titled "Plan of Survey of Lot 12A and Parcel LLC1, Subdivision of a Portion of the Remainder of Block II, Lands Acquired by Halifax Regional Municipality, Lovett Lake Court & Bicentennial Drive Route No. 102, Halifax Business Park Bayers Lake Area, Halifax, Halifax County, Nova Scotia" certified by Clinton C. Garland, N.S.L.S., dated June 19, 2003, approved July 14, 2003, and filed at the Halifax County Registry of Deeds as Plan No. 35850, Drawer 393; said Lot 12A being more particularly described as follows: BEGINNING at a point on a Southwestern boundary of Bicentennial Drive Route No. 102, where it is intersected by a Southeastern boundary of Lot 12 (proposed), being on a bearing of South 14 degrees 55 minutes 43 seconds East and at a distance of 105.915 metres from Nova Scotia Coordinate Monument 6100, as shown on above noted Plan; THENCE Southeasterly along said Southwestern boundary of Bicentennial Drive Route No. 102, following the arc of a curve to the left, having a radius of 1807.360 metres and an arc distance of 24.388 metres to a point thereon; THENCE South 25 degrees 13 minutes 40 seconds West a distance of 46.402 metres to the Northeastern corner of Parcel LLC1; THENCE North 64 degrees 46 minutes 20 seconds West along the Northeastern boundary of said Parcel LLC1, a distance of 24.384 metres to said Southeastern boundary of Lot 12 (proposed); THENCE North 25 degrees 13 minutes 40 seconds East along said Southeastern boundary of Lot 12 (proposed), a distance of 46.814 metres to the point of BEGINNING. Lot 12A contains an area of 1135.83 square metres. 12
ZONING I-3 General Industrial Zone 50A(1) The following uses shall be permitted in any I-3 Zone: (a) any industrial/commercial enterprise, except when the operation of same would cause a nuisance or hazard to the public and except: (i) billboards; (ii) adult entertainment uses; and (iii) amusement centres. (b) a public park. 50A(2) No person shall in any I-3 Zone carry out, or cause or permit to be carried out, any development for any purpose other than one or more of the uses set out in subsection (1). 50A(3) No person shall in any I-3 Zone use or permit to be used any land or building in whole or in part for any purpose other than one or more of the uses set out in subsection (1). See Halifax Regional Municipality s land use By-law for Halifax Bayers Lake 13
LIMITING CONDITIONS The information contained in this package was obtained from the owners and other sources deemed reliable. However, no representations, declarations or warranties are given or implied by Keller Williams Select Realty or the owner as to its accuracy or completeness and such information should not be relied upon by prospective purchasers without independent investigation and verification. This information package does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require in determining whether or not to purchase the property. The owner and Keller Williams Select Realty expressly disclaim any and all liability for any errors or omissions in this package or any other oral or written communication transmitted or made available to prospective purchasers. This information package is for information and discussion purposes only and does not constitute an offer to sell or the solicitation of any offer to buy the property. The owner reserves the right to remove the offering from the market at any time and is under no obligation to respond to or accept any proposal or offer to purchase the property. 14
CONTACT INFORMATION MAT HOUSTON, BA, ULE Real Estate Advisor 902-412-2940 mathouston@kwcommercial.com TOM GERARD, CCIM, SIOR Real Estate Advisor 902-830-1318 tomgerard@kwcommercial.com KW COMMERCIAL ADVISORS Young Tower, Suite 308 6080 Young Street Halifax, NS B3K 5L2 www.kwcommercialhalifax.com KWcommercialHFX@twitter.com 15